Hungary Opposition Daily Shuts Down on Surprise Revamp Plan
- Mediaworks halts print, website operations of Nepszabadsag
- Publicatioon was Hungary’s largest newspaper in first quarter
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Nepszabadsag, Hungary’s most-widely circulated political newspaper, abruptly halted operations Saturday after the owner of the opposition publication said it was seeking to reorganize its portfolio of regional papers.
Mediaworks, a unit of private equity firm Vienna Capital Partners, suspended online and print editions and employees were to stop work “until the creation and implementation of a new concept,” according to a statement. Nol.hu, the newspaper’s website, redirected readers to the statement. The company this week bought Pannon Lapok Tarsasaga, the publisher of regional papers in 12 of Hungary’s 19 counties.